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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 05, 1955
Page
19
Report of the Dow Jones Averages with the Industrials near 416,Rails around 275, Utilities about 64, and Bonds near 101.5. The table shows small declines across major indices and slight gains in some bellwether issues reflecting year end trading sentiment.
New York stocks closed higher as trading remained subdued. Gains were modest with some fractional losses, reflecting a calm session and limited near term movement. Market action showed minor improvements across several indices amid light turnover.
CHICAGO buyers cut back and traders shifted demand as butchers and producers moved offerings. Cattle and hog quotes varied with prime steers and choice cows trading around moderate gains, while calves and feeders showed firmer tones. Los Angeles area markets echoed similar volatility with steady to higher livestock quotes amid mixed demand.
Across the New York Stock Exchange and American Stock Exchange activity showed a broad mix of closing prices with many blue chips and utilities posting varied results. Report notes wheat and grain futures movements on the Chicago Board of Trade affecting related shares and market sentiment.
Stocks in Los Angeles edged higher as New York bond market drift weighed on sentiment. Traders cited modest gains in sectors led by industrials and consumer goods while financials lagged despite steady trading in the wider market.
New York reports sport coats and slacks gain ground in office attire as casual wear seeps into daily business life. Stores boost blends of wool with synthetic fabrics while cutting back on traditional wool suits, signaling a shift in spring and summer apparel.
Fragmentary OCR text references losses and prices for gas and electrical items, with scattered names and figures. Difficult to parse, but hints at a dated antiseptic listing of losses, values, and firms such as Simariean Elecimales and Dewanis Gil Sear. May reference prices like $1.00 and $1.43.
A condensed report notes a decline in the wholesale price index of commodities in New York. The index fell to a lower reading, reflecting broad market softness and pressure on staple goods. Details on specific commodities and responsible factors are limited in the available text.
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